Petroleum News & Breaking Stories

Brazil's oil and gas production hit 4.234 million boe/d in May, with pre-salt production accounting for 78.3%. Major increase reported.

Edmonton Oilers chase Stanley Cup glory against Florida Panthers, bringing together Canada's love for hockey and oil industry. #Oilers #StanleyCup

Sudan's military leadership may grant Russia a naval logistics base in Port Sudan, causing concern for the US and expanding influence.

President-elect Claudia Sheinbaum, a climate scientist, faces challenges fulfilling green pledges after a victory fueled by fossil fuel support.

India's Rupee softens despite weaker US Dollar. Investor focus on election outcome. HSBC Services PMI and US ISM Services PMI awaited.

Stock indices in the US closed lower, but Nvidia's strong earnings boosted the market. Global markets struggled amid inflation concerns.

US congressman Henry Cuellar and his wife charged with accepting $600,000 in bribes. Denies charges. Could face decades in prison.

Stocks showed strength with Nasdaq, Dow, and S&P 500 gains. Google and Microsoft boosted market after positive earnings. Snap and Skechers surged.

Gulf states hit by deadly floods as heavy rain causes chaos, Dubai Airport operations temporarily diverted, flights resume after two hours.

US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.

Inflation remains high despite avoiding recession post-pandemic. Experts predict gradual decrease in prices, uncertainty over interest rate cuts in 2024.

Emma Stone beats Lily Gladstone in historic Best Actress win at 2024 Oscars after months-long rivalry, making Oscars history.

Prominent billionaire financier and philanthropist Lord Jacob Rothschild has died. His family announced the news on February 26.

RNC Chair Ronna McDaniel is stepping down on March 8, replaced by Trump's allies amid concerns over fundraising and leadership.

Oil prices edge down following U.S. Federal Reserve comments and Middle East tensions, with uncertainty in demand and market surplus forecasted.

Osage Nation tribal member Scott George nominated for an Oscar for composing "Wahzhazhe (A Song for My People)." A historic moment.

Toby Keith, the Beer For My Horses singer-songwriter, has died aged 62 after battling stomach cancer. He leaves behind a legacy.

Steven Spielberg's new series Masters of the Air promises to deliver a realistic and emotional World War II adventure.

Robert De Niro opens up about becoming a father for the eighth time, while facing legal issues with his personal assistant.

New ColourPop x 'Twilight' Makeup Collection Is Here to Make You Sparkle Like a Vampire. Get the Details Here!

Hanukkah, the Jewish festival of lights, begins with special remembrances for Israel at war and hostages being held.

Former House Speaker Kevin McCarthy of California announced his resignation, capping a stunning end to his political career. He will leave by year-end.

Guyana remains vigilant after Venezuelans vote in favor of claiming oil-rich border region, raising fears about Venezuela's intentions.

James Harden's start with the Clippers has been atrocious, and the team needs to figure out how to fit its talents together.

Yemen's Houthi rebels have fired drones and missiles at Israel, escalating the regional risks of the Israel-Hamas conflict.

US Bombs Syria in "Self-Defense" after Attacks on American Bases in Iran. War tensions escalate, raising concerns of a global conflict.

US Dollar Index retreats as US Treasury yields decline, while crude oil prices rise following US military strikes on Iranian targets in Syria.

"Killers of the Flower Moon" is an impassioned and sinister movie about a criminal conspiracy against the Osage Nation.

The US Treasury Department has announced that it will temporarily lift sanctions on Venezuelan oil exports and gold for six months, with the option to amend or revoke the authorizations if President Maduro fails to fulfill his commitments. The move has drawn criticism from Republicans, who argue that it supports oppressive regimes and threatens US national security. However, Latin American scholars and energy analysts see it as a positive step towards stabilizing Venezuela's oil industry, which has been plagued by underinvestment and mismanagement.

Putin signals that OPEC+ coordination will continue to ensure predictability in the oil market and suggests supply cuts will endure until 2024.

Turkish bombardment has damaged more than half of Kurdish-held northeast Syria's power and oil infrastructure, dealing a blow to its energy-dependent economy.

Middle East conflict escalates as Hamas launches surprise invasion of Israel, leading to casualties and hostage situations. US involvement and Saudi-Israeli relations questioned.

Shell's CEO in Argentina, Ricardo Rodriguez, stated at an oil conference that macroeconomic pressures are discouraging the company from investing more in Vaca Muerta.

The Economic Community of Central African States condemns the use of force in Gabon and calls for a return to constitutional order.

Supreme Court Justice Clarence Thomas received 38 luxurious vacations and other gifts from billionaire donors, raising controversy and questions about his impartiality.

Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.

US gas prices are continuing to rise, with the average price in Fresno increasing from $4.69 to $4.84 in just over a week. The national average is $3.82 per gallon. The rising prices are unusual given that fewer people are fueling up their cars this summer compared to previous years. The increase in gas prices is due to a combination of factors including record temperatures, which have caused refineries to operate below capacity, and production cuts by major oil-producing countries.

Gasoline prices in the US have reached a national average of $3.732 per gallon, with analysts warning that prices may continue to rise. The increase is attributed to rising oil prices, heat-related refinery outages in Louisiana and Texas, and tight gasoline supply. The market has also seen increased buying of gasoline futures contracts by speculators ahead of the hurricane season. Higher wholesale prices are expected to lead to higher retail prices in the coming weeks, but prices may pause or reverse if the hurricane threat dissipates.

ECB expected to raise rates as Fed raises interest rates.

Greta Thunberg fined for protest, returns to block oil facility.

Saudi Arabian soccer team Al-Hilal has made a record €300m ($332m) bid for French striker Kylian Mbappe, according to Paris Saint-Germain (PSG), which has given Al-Hilal permission to negotiate directly with the player. The bid would make Mbappe the most expensive soccer player in history, surpassing the €222m PSG paid for Neymar in 2017. Al-Hilal's bid is part of Saudi Arabia's ongoing efforts to attract high-profile players to the country, following Cristiano Ronaldo's move to Al-Nassr in 2021.

Brittney Griner jokes about missing shot in WNBA All-Star game.

Indian shares hit record highs as US inflation moderation boosts sentiment.

Panelists on 'Gutfeld!' criticize Megan Rapinoe's support for transgender women in sports.

June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.

"Killers of the Flower Moon" film release date, plot, and cast revealed.